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30/07/20
10:39
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Originally posted by ChinaSyndrome:
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Totally agree, The one thing every key employee appreciates most, is to know that if he performs above and beyond the companies expectations then he will be justly rewarded. The initial KPI's have been met. but more importantly for us shareholders is that the next "Goals" set a timeline that if met, will be highly beneficial to all Shareholders. To achieve concentrate sales by Q4 2021 the plant will have to have been completed and operating by September 2021, which by my current understanding is about 4-6 moths ahead of schedule. By my estimates, that equates to between $30-50M in EBIT, and most importantly will bring forward the day when the SP re-rates to $5+. And in case you had failed to notice, Almost everybody involved in the Longonjo (including contractors) are agreeing/requesting to take equity ahead of money; there can be no greater vote of confidence.
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Great insights CS. Always much appreciated!